Stimulus Update: Millions of People Didn't Get Their Child Tax Credit Payments in 2021 -- and Many Got Payments in Error

Prior to 2021, the maximum value of the Child Tax Credit was $2,000 per eligible child. Half of the boosted Child Tax Credit was also made available to eligible recipients in the form of monthly installment payments that hit bank accounts from July through December. First, the good news -- the IRS accurately issued 98% of the aid it was supposed to give out under the boosted Child Tax Credit.